SRIL and PBRX Issue Global Bond
Textile Stakeholders Request Strengthening Industrial Integration
Parliament Asks to Control Illegal Importation of Textiles
IKATSI Reveals Details of Import Violations
MOI Optimizes Sustainable Resources For Industrial Production
Britain Will Ban Imports From China
RPP on Industry and Trade is Less Favorable to Local
Textile Industry Optimistic Could Recover This Year
Trade Surplus, Textiles Industry Still in the Red Zone
APR Encourages Supply Chains as the Focus of the Road Map
Pakistan's Exports to Indonesia Supported by Textile Products
ARGO Optimistic Will Improve Performance in 2021
APSyFI : PLB Threatens to Eliminate US $ 8.3 Million Yarn Exports
Stake Holder : Textile Industry Needs Fundamental Changes
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Pan Brothers' long-term issuer default rating (IDR) was downgraded to C from CC. Fitch Ratings to lower the rating because PBRX issuers have financial difficulties to pay off their loan obligations. This international rating agency also cut Pan Brothers' global bond rating by USD171 million due in January 2022 to C from CC with a fixed bond recovery rating at RR4. The rating downgrade follows the action of Pan Brothers which has entered into a standstill agreement with the bank not to take action action, which is in accordance with Fitch's definition for rating C. The standstill period has ended on 27 January 2021.
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The Yogyakarta Special Region Customs and Excise Regional Office together with the Indonesian Navy (Lanal Semarang) and Semarang KPPBC succeeded in thwarting an attempt to smuggle 537 ballpress coli and 5800 rolls of imported textiles. The goods are transported by a ship (KLM. Hikmah Jaya 3) from Pasir Gudang Malaysia and unloaded outside the Customs Area, namely at Kendal Port, Central Java, without any legal documents.
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The pandemic has changed the economic situation, especially companies that have built a new mask factory. Before Covid-19 hit, the US imported a lot of personal protective equipment needed by healthcare providers, especially from Asia. Several US companies are spinning into the crisis, such as the liquor company that makes hand sanitizers and the plastic company that makes face shields. But one item that is still in limited supply is the N95 face mask, which provides high levels of filtration of airborne contaminants and is strictly regulated by the US Government.
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